The role of management accounting differs from that of public accounting, since management accountants work at the “beginning” of the value chain, supporting decision making, planning and control, while audit and tax functions involve checking the work after the fact. Management accountants are valued business partners, directly supporting an organization's strategic goals. With a renewed emphasis on good internal controls and sound financial reporting, the role of the management accountant is more important than ever.
It obviously takes more people to “do” the work than it does to “check” the work. In fact, of the five million finance function professionals in the U.S., more than 90% work inside organizations as management accountants and finance professionals. Some common job titles for management accountants in organizations of all sizes and structure include:
- Staff Accountant
- Cost Accountant
- Senior Accountant
- Corporate or Division Planner
- Financial Analyst
- Budget Analyst
- Internal Auditor
- Finance Manager
- Controller
- Vice President, Finance
- Treasurer
- Chief Financial Officer (CFO)
- Chief Executive Officer (CEO)
CMA Parts 1, 2, 3, 4 (Books,Test prep questions) - Current 4-part Exam
Also Available per Part:
- Part 1
- Topic Coverage:
- Business Economics--25% (Level B)
- Global Business--20% (Level B)
- Internal Controls--15% (Level A)
- Quantitative Methods--15% (Level B)
- Financial Statement Analysis--25% (Level B)
- Part 2
- Topic Coverage:
- Budget Preparation--15% (Level C)
- Cost Management--25% (Level C)
- Information Management--15% (Level A)
- Performance Measurement--20% (Level C)
- External Financial Reporting--25% (Level B)
- Part 3
- Topic Coverage:
- Strategic Planning--15% (Level B)
- Strategic Marketing--15% (Level A)
- Corporate Finance--25% (Level B)
- Decision Analysis--25% (Level C)
- Investment Decisions--20% (Level C)
- Part 4
- Topic coverage:
- All topics from Parts 1, 2, and 3 plus:
- Organization Management
- Organization Communication
- Behavioral Issues
- Ethical Considerations
The newest edition for four-part exam. There are four pre questions pool in total. I spent $150 to purchase the whole pack.


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